National Audit Office · Awarded contract
Awarded

Provision of Land and Property Valuation Audit Support to the National Audit Office

Awarded 31 Mar 2021

View live tenders
Awarded31 Mar 2021
Value£18,240.00
SupplierFRANK KNIGHT LIMITED
AgencyNational Audit Office
RegionUnited Kingdom
CategoryConsultancy & Legal
Ended 5y 3mo ago4mo term
Awarded 31 Mar 2021Expired 30 July 2021

About

The National Audit Office awarded a contract to Frank Knight Limited for the review of the Valuation Office Agency's methodology for calculating land and property liabilities and confirmation that it aligns with the Compensation Code.

The work involved reviewing a sample of five valuations supporting land and property provisions to assess whether key assumptions and judgements were materially consistent with the Compensation Code and provided a reasonable estimate for Highways England's anticipated forecast outturn cost to settle compensation.

Frank Knight Limited produced a report on its findings by late May 2021, compliant with applicable technical standards and referencing its qualifications to support the NAO's assessment of the contractor as auditor's experts under ISA 620.

The contract value was £18,240.

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